Financial analyst Reggie Middleton must give up control of his cryptocurrency trading platform and transfer ownership to Veritaseum Inc., a New York appellate court ruled Tuesday.
Judges of the New York Supreme Court First Appellate Department agreed with a lower court opinion from 2022 that found Veritaseum investors were led to believe they were investing in a company that owned the patents to the trading platform, even as Middleton was “secretly transferring” the patents to himself.
“Regardless of whether the Company otherwise had a right to ownership of the patents, the evidence presented at trial supported the finding that Middleton ...
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